Key facts
- Standard Bank is experiencing growing demand for Shari'ah-compliant dealership funding.
- Ameen Hassen, head of Shari'ah Banking at Standard Bank, discussed the growth of Shari'ah-compliant banking in South Africa.
- There is rising demand for ethical finance.
- Opportunities exist in digital assets and innovation within Shari'ah-compliant finance.
Ameen Hassen, head of Shari'ah Banking at Standard Bank, has highlighted the increasing demand for Shari'ah-compliant financial products in South Africa. He noted the growth in this sector, driven by a rising demand for ethical finance. Hassen also pointed out emerging opportunities within digital assets and innovation that align with Shari'ah principles. The bank is responding to this growing market need for financing that adheres to Islamic law.